Bearish flow noted in Equitrans Midstream with 2,055 puts trading, or 3x expected. Most active are Feb-24 10 puts and Jan-24 10 calls, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 8.19, while ATM IV is up over 1 point on the day. Earnings are expected on February 20th.
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